The law firm is investigating whether or not a series of statements made by World Wrestling Entertainment regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shareholders Foundation is a portfolio monitoring site that alerts stock holders when a company in which they own stock is under investigation, and although the site did not reveal the name of the law firm investigating WWE, they did note to stock holders that some type of investigation is currently underway.

WWE has issued the following statement regarding the Shareholders Foundation report:

“The claim that Shareholders Foundation is allegedly investigating has absolutely no substance or merit.”